Oil and gas companies must take account of consumer interest in advancing energy transition – Shell
Oil and gas companies must gradually move forward with the transition to carbon-free energy sources without abandoning oil and gas and taking due account of consumer interests, a senior Shell official told the St Petersburg International Gas Forum.

    “Just think about cement production, about aviation, about sea shipments,” Maarten Wetselaar, Integrated Gas & New Energies Director at Royal Dutch Shell, told the gathering. “All these industries will have to find their own way of reducing CO2 emissions. Different spheres of business will find their own solution, but they cannot be found in an instant. Oil and Gas will therefore continue to play their role for some time to come.”

    Shell is preparing an updated development strategy in conditions of energy transition, but concrete measures it intends to take have yet to be confirmed. The company will base its decisions on the most promising and interesting projects which will provide it with concrete opportunities to be carried out.

    “We will strive towards decarbonisation, together with our customers,” Wetselaar said. “Because as energy suppliers we can do nothing without the support of consumers.”


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October 2021